The New York Times: Editorial Board: Germany and the Minimum Wage: A Sensible Approach to an Income Floor

German Federal Parliament

The New York Times: Editorial Board: Germany and the Minimum Wage

More evidence that Germany is not as socialist as it get’s stereotyped. The German Bundestag which is the lower chamber of the German Federal Parliament which is like the U.S. House in our Congress passed a sensible minimum wage law last week. 8.50 Euros which would be $11.60 in American dollars assuming the upper chamber of parliament in Germany the Bundesrat which would be like the U.S. Senate in the U.S. Congress passes this law as well. This is not a twenty-five dollar and hour minimum wage that American so-called Progressives want. But $11.60 which is less than half.

$7.25 and hour is way too low for a minimum wage in America especially with our high cost of living. And then you add that it is also unfairly too low when you consider that grocery store cashiers and fast food cashiers and cooks are vital employees to their employees. Without these workers these companies would be out of business. So paying them a wage that doesn’t allow them to come close to being able to pay their bills and having to rely on taxpayers to financially survive is not fair to the workers, but also not the taxpayers who have to pick up their employers tab.

My first offer when it comes to raising the minimum wage in America would be ten-dollars an hour with a thirty-percent tax break for small employers. And then index it for inflation so it keeps up with cost if living. But I could go to twelve-dollars and hour without much convincing needed with the same thirty-percent tax break. Or even fifteen-dollars an hour with a 30-40 percent tax break. Which would be benefit taxpayers because their taxes wouldn’t be needed as much to fund public assistance. It would also help our debt and deficit situation because again fewer Americans would need public assistance. And it wouldn’t hurt small employers because they would get that money back in a tax cut.

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About Derik Schneider

Blogger on everything that interests me and that I'm knowledgeable about.
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